Leading privately owned financial planning AFSL, FYG Planners is pleased to announce the group’s funds under management surpassed $2 billion during the 2016 calendar year.
At the start of 2016 FYG had 35 firms and 58 advisers across six states and territories with $1.9 billion under management (at Sep 2015).
By the end of 2016 FYG Planners had grown to 41 firms and 69 advisers across seven states and territories with $2.2 billion under management (at Sep 2016).
Managing Director, Peter Mancell said 2016 was a pleasing year with FYG Planners expecting to see similar growth in 2017.
“We’re proud of our continued growth in the AFSL space and see this as recognition of what FYG Planners are offering to advisers searching for an new AFSL.” Mr Mancell said.
“This also underlines the hard work within FYG Planners to smoothly transition new advisory firms into the group – our team works tirelessly behind the scenes to ensure there are no hiccups during the transition process and we’re proud of our transition success again in 2016.
Funds under management at FYG Planners have doubled since 2010, with Mr Mancell noting the growth is being done in a sustainable manner.
“We’re not growing just for growth’s sake, we have an ideal adviser and those advisers are underpinning our growth.” Mr Mancell said.
“Two of our firms were accredited by CEFEX as certified fiduciaries during 2016, so that’s the type of outlook we have – client first.”
If you’re a client first financial planner looking for a new AFSL dealer group, feel free to contact FYG Planners recruitment on 03 64403555 or email us at [email protected]